Form 4: Associated Banc-Corp Executive Vice President Patrick Edward Ahern Reports Stock Transactions

Executive Vice President of Associated Banc-Corp, Patrick Edward Ahern, reports the acquisition of 3,234 shares of restricted stock and indirect ownership of 5,314.85 shares through a 401(k) plan.

Summary

• Patrick Edward Ahern, an Executive Vice President at Associated Banc-Corp, reported a transaction involving the company's stock.
• On January 29, 2025, Mr. Ahern acquired 3,234 shares of common stock as time-based restricted stock units (TRSUs).
• These restricted stock units will vest in four equal annual installments starting on February 8, 2026.
• Mr. Ahern also reported indirect ownership of 5,314.85 shares of common stock through a 401(k) plan.
• Following these transactions, Mr. Ahern directly owns 40,321 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. The sentiment is neutral to slightly positive due to the alignment of executive interests with the company's long-term performance.

Positives

• The acquisition of restricted stock units aligns Mr. Ahern's interests with the long-term performance of the company.
• The vesting schedule of the restricted stock units encourages continued service and contribution from Mr. Ahern.

Future Outlook

The restricted stock units will vest over the next four years, aligning the executive's interests with the company's long-term performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in the financial industry to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• The reporting of stock transactions by executives is a standard practice across publicly traded companies, including financial institutions like JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC).
• The use of restricted stock units as part of executive compensation is also a common practice, similar to what is seen at companies like Wells Fargo & Company (WFC) and Citigroup Inc. (C).
• The vesting schedule of four years is also typical for such grants, aligning with industry norms for long-term incentive plans.

Stakeholder Impact

• The stock transaction has a minor positive impact on shareholders as it aligns executive interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

insider trading, stock ownership, restricted stock, executive compensation, 401k, ASB, Associated Banc-Corp, Patrick Edward Ahern